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Free AccessThe release of stronger-than-expected....>
DOLLAR-YEN: The release of stronger-than-expected US Durable Goods extended the
Usd/Jpy recovery to Y105.22, before fading. DJ futures are currently showing an
open of +52 points as equities expected to be the main focus. New Home Sales
follow at 1400GMT, sales are expected to rebound to a 620,000 annual rate in
February following a further decline in January. Unadjusted sales were down 2.2%
from a year earlier. Home supply was modestly rose further in January, so the
months supply rose to 6.1 months from 5.5 months in December. The Asia high
provides initial resistance at Y105.37, exporter offers are placed behind on
approach to Y105.50. Last Y105.17.
To read the full story
Sign up now for free trial access to this content.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.